customers in china are scrambling to buy huawei smartphones.trictions have choked the tech giant's access to chip technology leading to fears huawei phones may disappear from storm shelves as early as next year. the company says its supply chain is under attack. >> everyone knows huawei is facing great difficulties. continued suppression has brought a lot of pressure on our operations. ensuring our survival is our main priority. reporter: the u.s. government banned american chipmakers from selling to huawei last month. its third set of sanctions against the company. the industry is fighting the band. intel and a south korean chipmaker have been gigiven lilicenses to continue doing business with huawei. many others are forced to sell elsewhere. >> huawei is the world's largest telecommunications equipment maker. they are the number two smartphone maker in the world. if you are a chipmaker and you cannot sell to huawei, that is a problem. reporter: huawei is shifting to non-smartphone products such as wearables and newer markets such as serbia. -

>> guest: huawei is a little different. it is already banned in the united states and why does huawei matter? basically, it is one of the largest providers of equipment for 5g and why does 5g matter? we all know 4g and it has a little thing that says 4g in the corner but 5g allows us and it will be awesome to download the latest movie on my phone and i can download a paid video within three seconds but with 5g we are allowed to do what is called improving latency. meaning i do something on my phone that goes into the cloud and then something responds back and that trip is called latency and 5g will allow you to do that within eight nano seconds why is eight nanoseconds important? we think in like six or seven nanoseconds so we will have the entire internet at our fingertips and at the speed of thoughts. what will that allow us to do? it will further empower artificial intelligence apps on our phones and so the chinese and huawei specifically own 30% of the world's market on 5g infrastructure so that means all that data that

we know it got a lot worse after huawei's cfo, when onejoke was worse after huawei's cfo, when one jokeuawei was my days as the world's largest —— wylie's days as the world's largest loan and telecoms maker could be over. the latest on the battle between washington and china. let's take a quick look at how the asian markets are faring. australia is at the top, pretty much flat. hong kong, up 0.5%, japan down 0.6%. in terms of focus for market watchers this week in... the fed is meeting, the us central bank will start its two day meeting from today. they will be having people listening about the future of growth in the world's biggest economy. quite a big week for markets this week. let's talk about technology. us tech firm oracle has confirmed that tiktok‘s owner has formally proposed it become a "trusted technology partner" to the video—sharing app. full details of the tie—up have yet to be disclosed, but the aim is to avoid president trump's threat to shut down the chinese—owned service in the us, over national security concerns. we have a theme here, haven't we? joining me now from n

producers aren't the only ones to have stopped supplying huawei the u.s. embargo against the company it accuses of espionage and being a tool of the chinese government has suppliers worldwide shying away taiwanese chip makers currently showcasing their latest developments on the semi con taiwan trade fair have also stopped supplying who are away for the beginning of september the chinese champion was still buying up microchips wherever it could find them but inventories are thought to be running pretty low now but that also means chip makers in taiwan which beijing regards as a renegade province have lost one of their main customers. from the high tech sector there to a very old fashion one to bangladesh in particular with a centuries old tradition of weaving is hanging by a thread modern garment making has largely replaced the practice but now it could be finished off by the hard economic choices forced by the pandemic. things were bad before the coronavirus crisis hit the lives of bangladeshis traditional weavers hanging by a thread who had put 20 kilome

now you have huawei thing looming.rall, given the shift toward digital that we've seen in this pandemic, given the 5g shift that we're on the cusp of right now, what do you think is the most important thing for investors to anticipate from micron over the next year? >> i think near-term as we discussed in our earnings call yesterday, we have temporary weakness in demand driven by, of course, the huawei restrictions by u.s. administration as well as weakness in enterprise. however, the head winds we are currently seeing, they actually become the tail winds for us particularly as we go through calendar year '21 past the seasonally weak q1 timeframe if you look at 5g phones, this year maybe 200 million 5g phones sold worldwide calendar '2 1, 500 million is our estimate it's not just about increased unit sales in the smart phone market which has been impacted by the pandemic which will go up next year, smart phone unit sales with 5g sales increasing, those 5g phones need more memory as well as more storage in them. cloud r

the united states has been pushing away from using huawei citing security concerns.n tran thailand is open to cooperating with any country. the government is working for the interests of the country. >> he stressed the tie government's intention to further cooperate with huawei. >>> moving the south america where ramped wildfires are dedestraying the pantanal. brazil's national institute for space research says there were about 15,000 fires between january and mid september. the figure is unprecededend. 19,000 square kilometers havee been d destroyed inn the countn alonee or moree than 12% off th wetlands. sosome ofhe fires were apparently started by farmers to clear land. what may be the worst drought in half a century has already compounded the damage. the brazilian government has mobilized troops, butut the fi are unlikikely to be brought unr control any time soon. parts of the pantanal are listed as a juneunescoco world heritag. >>> next is the three-day outlook on the weather for selected cities around the globe. ♪ >>> thahat's all for now on thi edition of nhk

and investing more in russia in the words of huawei c.e.o. renting face after the us included us on the entity list we transferred or best made in the u.s. to russia increased russian basement expanded the russian scientists t.v. and decreased the salary of russian scientists on a grander scale the company is set to take on american multinational google by developing an operating system to replace google's android will by 000 s. currently what we have 600000000 users in its ecosystem. us on what's more of each. and i want to take a deeper look into this we're bringing co-host chrystia and editorial director for the american institute for economic research geoffrey tucker jeffery washington has been pushing governments around the world their allies to squeeze out wall way and barred u.s. companies from supplying or even servicing them now this the intel has received permission to supply wall way one of the united states allow this license to be granted why not a smoker or even as next like alex said. but what's happening is that the chap admin

that 72 point $3000000.00 us dollar investment for research and development in australia in addition huawei and its whole disport sponsorship deal with an australian rugby team all in all not everyone is happy with the australian government's maneuvering really really sad died as jeremy said. will be still be appearing as a sponsor next year will be i'm the very very lucky if we find another one as good as y.y. with resistance in some parts of the world while way it's been exploring other avenues to continue its growth the company plans to open its flagship stores in 40 smaller outlets across europe by the end of the year while way has also committed to deferring funds from the u.s. and investing more in russia in the words of wildly c.e.o. renting face after the us included us on the entity list we transferred or best made in the u.s. to russia increased russian basement expanded the russian scientists t.v. and the increase the salary of russian scientists at a grander scale but company is set to take on american multinational google by developing an operating system to replace google's an

the problem is that us producers aren't the only ones to have stopped supplying huawei the u.s. embargo against the company it accuses of espionage and being a tool of the chinese government has suppliers worldwide shying away taiwanese chip makers currently showcasing their latest developments on the semi con taiwan trade for have also stopped supplying who are away for the beginning of september the chinese champion was still buying up microchips wherever it could find them but inventories are thought to be running pretty low now but that also means chip makers in taiwan which beijing regards as a renegade province have lost one of their main customers. from the high tech sector there to a very old fashioned one to bangladesh in particular where the centuries old tradition of weaving is hanging by a threat modern garment making has largely replaced the practice but now it could be finished off by the hard economic choices forced by the pandemic. things were bad before the coronavirus crisis hit the lives of bangladesh's traditional weavers hanging by a thread who had put 20 ki

huawei will end sponsnsorship o the canberra raiders. the deal dates back to 2012.ompapany says it was hit hd by the australian's government in 2018 to ban it from the nation's 5g networks. >> the impact on the 5g ban and the greater australia-china relationship has had a huge flow and effect on where we hoped our business to pick up outside the 5g hasn't happened. >> the ceo o of the team says is a sad day and the raiders would be lucky to find another sponsor as goo as huawei. ties between the two countries have deteriorated over the coronavirus pandemic and hong kong. beijing is also investigating claims that australia exported wine at unfairly low prices to the chinese market. >>> discord at the world trade organization leaves the global regulator without a leader starting from september 1st. members have been unable to agree on the appointment of an interim chief following the early departure of the director roberto. nhk world'sian naka marie asks an expert about what happened. >> i have decided i will step down from my current position. >> reporter: the sudden

opinion,he risk, in my comes from excess inventory, at huawei and at huawei's competitors, like samsung have access inventory thinking that huawei's inability to access components would enable them to gain market share, especially with the smartphone. this is something that could backfire. i think there is some double ordering going on. that is a near-term concern. but in the longer term, i think everything will be resolved. because we have been dealing with this for three years, and i thereafter the election, will be some remedy. i think the china issue is bipartisan, but there will be concessions made. i go back to apple. how come china has not retaliated against apple? i think there are compromises that will be made, and in the near-term the risk is from excess component inventories built up, but in the longer term, china offers a vast market that the u.s. cannot ignore. tom: right. this geopolitical tension is feeding into the need to continue to build out education. you have the cheap sector -- chip sector in the u.s. asking for federal support of up to $50 billion. do they need it

being used by the chinese government to spy on other countries a big ticket item in the ban is chips huawei is prohibited from buying components from american and north american companies that were developed using equipment or software made in the usa however the u.s. already seems to be boosting its hold according to a report from china intel has been granted a license by the united states to continue doing business while way which will help while we laptop division other companies have also suffered mission to work with the world's biggest smartphone maker this includes china semiconductor manufacturing international corporation that uses u.s. origin equipment to make chips as well as south korean chip maker escape hynix meanwhile the campaign against well wait it's also seen some polls in other parts of the world neatly australia relations between china and the land down under have been tense since australia banned while way from supplying equipment for a 5 g. mobile network back in 2000 and t. in response what were his cut jobs and investment in australia here's what was cheap corporate

are african nations being asked to avoid certain vendors like huawei by the u.s. . well i know a lot of folks i don't know. about the soft light breeze. he painted all chinese made. both on the radio and on the wall and if. so they've definitely. the way it doesn't. mean all the amount of easy years ago because he you know if he came to show and there was a significant relief to a bigger team reached the right equipment it would not be easy for him it is. all right well good luck with the g s m a coming to us from lagos nigeria there thank you very much. right now to some of the other business stories making headlines around the world south korea's samsung has won a $6700000000.00 contract to provide 5 g. technology to verizon communications in the u.s. samsung's competitor huawei is grappling with sanctions and washington's efforts to get allies around the world to shut out the chinese company. you can home prices hit record highs in august the rising at the fastest pace in 16 years as coast lock down britain's seek new homes prices increased by more than 5 percent

one is from huawei. it's the deputy chairman. seem huawei is still willing to buy from u.s.r it a lot of the networking equipment. fujifilm will be applying for radio tory approval as early as october -- regulatory approval as early as october. trialsactually suspended on this particular medication, if you will. beganed its delay and clinical tests as of yesterday. move to commodities and have a look at iron ore futures on the way down. supplies weigh rising against the recovery taking place in china. concerns over demand are being compounded by the prospect of rising availability. we have brazil's exports rebounding. arguablyteel demand remains robust with investors paying attention to the strength of steel consumption and that after this looming weeklong public holiday next month. our next guest raised forecasts for iron ore prices but expects modest pullback in the near term. the commodities strategist from citigroup. why pullback on your forecast when it looks pretty strong? it looks even more robust looking ahead as the comeback that china is actually undergoing seems t

. >> this is while way's -- huawei's biggest factory in china, and they are set to build one like itn strasbourg. the chinese tech giant has been holding talks with officials to find the right space to produce 5g antennas. >> [speaking foreign language] >> but not everyone is happy about the proposal. the mayor is worried about the environmental impact. the president of the urban area says there are security concerns to consider. >> [speaking foreign language] >>>> whilele the frencnch govert has not prohibited telekom companies from using huawei's technology, they have said they will not be able to renew licenses for the gear once they expire. such a move would see the chinese firm phased out of mobile networks by 2 2028. >> [speaking foreign language] >> if >> if huawei moves a ahead withth the plant, it c could cre overer 500 jobs in the l long-t. >> a frerench luxury group has lasheded out at what they s says mimismanagemenent schuler tiffanany's, p part of a legal d to walk away from the takeover of the company. they say the performance has been catastrophihic since t the start

in 5-g and the role of huawei. when will you and the government have made your decisions on huawei there have been reports that huawei will be excluded from 5-g development in italy >> i fully agree with our alabama lice allies italy with our three regulatory measures understands the u.s. concerns on the safety of cyber networks and infrastructures >> there's a lot going on between italy and china at the moment the foreign minister of china actually stopped first because of the close link between the two economies as well so it's very difficult for them to find their way through on this key issue. again, all kinds of people crop up john bolton tells cnbc that president trump's failure to strategically think worsened the impact of coronavirus in the united states. now he served as trump's national security adviser. and he published a book criticizing trump now i caught up with him over zoom where i asked him about the rising tension between the u.s. and china. >> i think china is the question for the west as a whole

curbs on huawei and banned suppliers from selling chips made using u.s. tech to the chinese company without a special license this prompted a stampede to stockpile goods before the restrictions come in to the tune of between $1.00 and $2000000000.00. taiwan says exports rose 8.3 percent from a year earlier to just over $31000000000.00 in august that's the highest monthly tally on record and much higher than analysts had expected exports in july edged up 0.4 percent following 4 months of foals taiwan semiconductor at the world's largest contract chip maker said in july it had already stopped taking new orders from wall way and it does not plan to ship wafers after the middle of this month china is taiwan's largest trading partner taiwanese manufacturers are a key part of the global supply chain for tech giants such as apple that's despite a longstanding political rivalry beijing has failed to take control of taiwan the 2 sides split in 149 following a civil war taiwan trade officials expect the huawei buying spree to continue this month and they reckon exp

are african nations being asked to avoid certain vendors like huawei by the u.s. . well i do a lot of. i don't know. about the soft light breeze. and. the pain all chinese made. both on the radio and on the. web so we've definitely owns the doesn't. mean all the amount of e.c.m. because he. came to show and it was a significant relief to a bigger team reached the right equipment it would not be easy for our emitters speech all right while a good luck with the g s m a coming to us from lagos nigeria there thank you very much. right now to some of the other business stories making headlines around the world south korea's samsung has won a $6700000000.00 contract to provide 5 g. technology to verizon communications in the u.s. samsung's competitor huawei is grappling with sanctions and washington's efforts to get allies around the world to shut out the chinese company. u.k. home prices hit record highs in august the rising at the fastest pace in 16 years as post lockdown britain's seek new homes prices increased by more than 5 percent helped by a freeze on taxes for ne

curbs on huawei and banned suppliers from selling chips made using u.s. tech to the chinese company without a special license this prompted a stampede to stockpile goods before the restrictions come in to the tune of between $1.00 and $2000000000.00. taiwan says exports rose 8.3 percent from a year earlier to just over $31000000000.00 in august that's the highest monthly tally on record and much higher than analysts had expected. exports in july edged up 0.4 percent following 4 months of foals. taiwan semiconductor and the world's largest contract chip maker said in july it had already stopped taking new orders from while away and it does not plan to ship wafers after the middle of this month china is taiwan's largest trading partner taiwanese manufacturers are a key part of the global supply chain for tech giants such as apple that's despite a long standing political rivalry beijing has failed to take control of taiwan the 2 sides split in 149 following a civil war taiwan trade officials expect the huawei buying spree to continue this month and they reck

renton say confirmed that after the without a huawei to the end he's left it transferred over massive amounts of investments in the u.s. now over to russia so as jeffrey just said always still intends to be the new global influence and is now recruiting developers and then you factors to help a build a 3rd alternative to google's android and apple's i os so while i says that there is room in the global market for another operating system and that it plans to take this opportunity now the u.s. is looking at this development and seeing the huge risk that it presents to america's control of the world's mobile ecosystem but then again it is kind of the us it's all in the 1st place for backing all way into the corners so this is the only logical or turn out of that jeffrey said the bear otherwise it would have continued on happily using android in the 1st place so after waging the war against holloway for over a year now america's actions against holloway has left the door wide open for russia and similar to what i said before about australia it's not only about the current investments it'

you look at the likes of huawei.u think trump getting reelected will just increase and exacerbate that bifurcation of the technology space? it looks like because he will go harsh on china. he will have competition basically eradicated, so there will be more space for the american companies to do better. they may have supply chain issues, but you can already see foxconn moving to other countries other test to other countries. in the short term, these are the things we have to watch out for. definitely, american companies will have more space and less competition if he goes hard on china. well let's see how that election runs out. the polls are going to shift. we had the real clear politics polls, that shift. the rising odds of a trump victory. how much of that is in the market. deepak mehra is head of investments at commercial bank of dubai. coming up, it is a message from germany. the impact from the coronavirus on their economy. we are going to discuss that, what's that mean for the yield breaking the 200 a moving a

the global times called the moves against huawei an all out seize to paralyze the high-tech industry and suggested that c y china may need to go it along saying the country needs to prepare for a new march which does play into this wider decoupling narrative between the two sides. while there has been a lot of attention on the tiktok story, these moves against smic and huawei could be more significant from a global economic standpoint as though could take a hit to global supply chains. back to you. >> excellent they have put so much money in terms of r and d and capital into the design of its electric vehicles they will invest in china between 20 and 2024. double those in 2019 they weren't enormous in 2019 but doubling up is a good sign for them especially given everything else going on in the world. 15 different electric models by 2025 and jac as well but as i say, they're looking at 15 different factory or plug in electric hybrid models in china by 2020 will the new boss satisfy the activist investors coming up next >>> seems to be stuck in a range below 6,000. a massive week for b

to feed heavily reliant their domestic innovative companies like huawei with the u.s.igned and made chips. even before the story came out, had earmarked $1.4 trillion u.s. for investment in advanced technologies including wireless technology and artificial intelligence. you can probably now add next-generation chips into that big sum going forward. we will see if we learn more of that in october when they release that five-year plan. stephen engle, thank you. coming up, more about facebook, making new calls on its political ad policy as the two month count down to the u.s. election begins. we hear from facebook's vice president of global affairs and communications, next. this is bloomberg. ♪ ♪ policies to guard against voter suppression on facebook and miss living -- misleading posts ahead of the u.s. election. they include the blocking of all new campaign ads one week before election day. earlier,g spoke outlining the company's new strategy. why --he reason >> this is an unprecedented election taking place. so unprecedented times require unprecedented measures. a camp

as for alternatives, very distressed about the gap between huawei and american technology and western technology, but what is -- they took up the mantle, american companies build up the systems, very cost-effective from western trusted vendors that deliver the same services or better services at comparative cost, state owned enterprise, the battle between airbus and boeing, that is child's play. compared to what the chinese communist party does. these were companies built on stealing american technology, turning around and dumping it in the united states of america, around the world and emboldening companies for this. it should understand the chinese show up, nothing could be further from the truth, connected with an trusted vendors in the system and over time, the world is not on the right path, you will see western technology that are trustworthy and transparent. >> reporter: what is your vision for an instinct, decoupling seems unlikely with up your competitor, as china is, where do we land? where is it safe? with this strategy? >> i read the history where to challenge the soviet u

on the topic of huawei. suggesting are you suggesting there's not legitimacy around some of the u.s. questions over chinese tech maybe huawei is the example, maybe tiktok is the exeample or there is legitimacy and there is convincing the likes of the germans of the ills. >> there are two issues. one is a long-term structural issue. for decades china sold us shallow goods, goods we wore on our back, shoes we wore on our feet, solar panels we sold china deep goods, software, chips, et cetera what is new today is that china can now sell us deep goods 5g that can go inside your house, jackpot, inside your bedroom. we don't have the trust relationship generally for us to buy the deep goods that's the real huawei story that's what we're fighting about here over and above that, you have to understand, i think, this is what the administration -- where i have problems with it. just because china can, in theory, call on a tiktok and demand that it turns over data doesn't mean it's doing it anymore than it means americ

look at the case of huawei.couldn't up creating a world or several world-class -- could end up creating a world-class or several world-class chinese tech finance. there could be a build out if there is a bifurcation of the then china is going to put lots of its money and reserves into this industry. it begs the question, will this open up another pandora's box on global trade front? if the last century had united states and airbus trading barbs about state support, etc., for airplane building, that is nothing compared to what this might unleash if the chinese and the united states started growing government support toward its strategic industry. -- this next industry, this these next generation chips are going to be underpinning economic growth across the board. indicatort another the tensions will grow beyond the election. tech stocks seeming to defy gravity, but they are coming back down with a hard landing. we will look at if it is just about the tech sector or if other forces are at play in these corrections

they are going to be tough on huawei, partly they have been tough on huawei because i have been pushed the u.s. but they will continue that stance. and basically, they will be saying, if you want to do business with us, here is our bottom line and you are going to need to take that into account. so i think -- and then on climate. that is going to be a big discussion point. what china is doing about its famous pollution, what it is going to do on climate going forward, real goals, real benchmarks, not just talk. so i think that is going to be the line there. but at the same time, i think they are going to try to strike this town of, we want to work with you. on all of these issues, including climate. shery: europe has always been divided when it comes to china. will they be able to show a united front this time around? jodi: that's the real question. you have 28 countries, they each have their own different particular priorities. a lot of them are shared priorities, but they each have their own real concerns. and amid the pandemic, some of these countries have been hurting worse than ot

spots where we australia has banned huawei the chinese tech giant from taking part in building its 5 g. internet network so i had this attention of course you can see that there that is a deteriorating relationship this is but this is really an unprecedented at the tension it's not unusual that journalists audits hanged in china at the last count 48 journalists were present there what is unusual is that a foreign journalist is the time and on top of that she is someone who works for the state for coastal or all soccer thank you or to russia and a battle to stop mining. area that local residents consider sacred a christo hill they have a softened ural mountains has been the site of sometimes violent demonstrations for weeks t.w. as you are a rachet of reports the beautiful hail and more recently a symbol of resistance at the start of the summit the kurdish town mountain with slated to be destroyed indies there's a cheap source of room material to produce soda but for residents like florida kuzmenko it's much more than just a green hill for locals cush town means home recently have of

has cost huawei a lot because it was stealing stuff from us.'ll see ad broader effort. there'll be announcements, i think, in the coming days and weeks where you'll see the united states confront this in a very serious way all all to the benefit of the american economy whether that is students studying here in the united states that are part of this network, you talked about the incident at ucla, there was one at the university of virginia. the fbi and justice department are working on these issues too. all the places where the chinese communist party has simply refused to behave like a normal nation and compete on normal commercial terms. america's turned its cheek for decades, president trump's not going to continue to let that happen. it's time to execute and implement the president's central. lou: at last count there were 75 of the so-called confucius institutes in k-12 american colleges and university campuses. how many will there be by the end of this year? >> i hope the answer's zero, lou. we've made clear that these are foreign missions

keeps pokeing huawei, then maybe the chinese officials will not export the medicines that are so vitalamerica. we know that more than 70 or 80% of our active ingredients in prescription drugs are made in china. your reaction? >> economic security is national security. that's one of the principles of the trump administration and what we learned from this china virus pandemic, maria, is that we have to bring our medicines home, our medical supplies and our medical equipment and the chinese communist party is just putting an exclamation point to that when they threaten us. and if we bring those jobs back on-shore as we have been doing, we will create great jobs at great wages but also protect the american people from the chinese communist party. so that's a very provocative action they're taking. we're no stranger to seeing that. but i think it was interesting that in the same week both "dancing with the stars" nancy pelosi in the rotunda said that joe biden was the preferred candidate of the chinese communist party and then the global times comes out effectively with their endorsement. w

that's why politicians of all stripes in america see tiktok, like huawei, as a national security threat and attention of american citizens. president trump's demand that it be sold to a non—chinese company and that the us treasury get a cut might be illegal. it's unprecedented in the us, but such assertions of sovereignty are already standard practice in china, where platforms like youtube and whatsapp are blocked along with foreign sources of news and religious instruction, and where the web is a tool of surveillance. in a sense, then, president trump is merely borrowing from china's playbook. and these new methods of control go further than just the us and china. in india, for example, narendra modi's government has banned tiktok and other chinese—owned mobile apps. and other states have used various social media controls, monitoring and censorship. tiktok, then, isn'tjust a platform for video pranks. it proves that there is a battle for the soul of the internet in an era of rising net nationalism, where governments say that countries and not companies should control the web. with alm

that's why politicians of all stripes in america see tiktok, like huawei, as a national security threatizens. donald trump's demand that it be sold to a non—chinese company and that the us treasury get a cut might be illegal. it's unprecedented in the us, but such assertions of sovereignty are already standard practice in china, where platforms like youtube and whatsapp are blocked along with foreign sources of news and religious instruction, and where the web is a tool of surveillance. in a sense, then, donald trump is merely borrowing from china's playbook. and these new methods of control go further than just the us and china. in india, for example, narendra modi's government has banned tiktok and other chinese—owned mobile apps. and other states have used various social media controls, monitoring and censorship. tiktok, then, isn'tjust a platform for video pranks. it proves that there is a battle for the soul of the internet in an era of rising net nationalism, where governments say that countries and not companies should control the web. with almost half of humanity not yet online,

as for alternatives, i was very distressed to find the gap between huawei and american technology with respect to 5g, for that matter, western technology. but over the last two years, i've watched ericson and knnoki take it up. they can deliver the same services or better services at comparative costs. they'll never match them. when you have state-owned -- we always joke about the battle about airbus and boeing. that's child's play compared to what the chinese communist party does. these are companies that were built on stealing american technology, bringing it back to the homeland and turning around and dumping into in the united states of america and around the world and bullying countries into accepting this technology. when the chinese show up and say it's free, nothing could be further from the truth. they've come to recognize the real costs connected with putting untrusted vendors in their system and i think the world will come to recognize that's not the right path and you will see western technologies that are verifiable, trustworthy and transparent come to dominate the telecom

did not adequately emphasize european alternatives to huawei, will simply pressuring her allies. that approach is not sustainable for forging a drink strategy on china. even within the strained confines of president trump's idea of transatlantic relations combat we have to endeavor to make progress. i welcome the call by the e.u.'s josep borrell rail for a working group on china for a first step. details will matter to ensure it is not just another talk shop and i look forward on hearing more about this initiative from ambassador rica. the american economy and european economy working together provides negotiable beverage with china. it may be the factor that truly moves the needle with beijing. we should be laser focused on enhancing that leverage to the fullest extent possible. nanosphere, china's presence need not be viewed through the solitary lens of the game.um however, when we fail to show up as under president trump we have come at we shouldn't be surprised that china's influence expands at our expense. the president's misguided belief that every challenge needs to be sol

as for alternatives, i was very distressed to find the gap between huawei and american technology withespect to 5-g or as a matter of fact western technolo technology. but the two last years i've washed erickson and nokia take up the mantel and others with the process, i'm confident there will be cost effective deliverable from western trusted vendors that can often the same services, or comparison services, the cost, you literally have-- we always joke about between airbus and boeing being subsidized. that's child play compared to what the chinese communist party does. these were companies bent on stealing american technology, bringing it to the homeland and then turning around and dumping it into america and other countries and bullying them. >> i think the nation should show up and say it's free, they've now come to know the real cost with untrusted vendors in their system and over time, i think the world will come to recognize that's not the right path and you will see western technologies that are verifiable, trustworthy and transparent come to dominate the telecommunications mark

equally, australia knew full well that its positions on huawei and covid—19 would go down badly in beijingina. you just got the general sense from the whole process that this was all part of a bigger political game. what is this particular clinical game? so, what is this bigger political game? well, it's no less than a grand struggle between china and the west. it s about how we organise the global economy, how countries are held accountable — and it's also about the west's belief in the morality of its actions. prime minister scott morrison told australian radio... and that's the rub — this economic marriage of convenience worked while the west kept the criticism down and china limited its assertiveness on the world stage. neither are keeping their side of the bargain now. china scoffs at the idea that america and its allies can hand out lectures on how to behave. and this is useful from reuters on australia. it says... and that's why this isn't any old diplomatic row. it's about how the west handles a chinese government that not only wants to be a major player in this political game — bu

his question is, how will you effectuate those mou's, and do we have an alternative to huawei to offer our friends and allies? mike pompeo: jim asks, as he always does, a good question. what we can do in the united states, we have the capacity to control information, for example, that comes into our embassies. i will give this as a microexample. we've now told the world that information coming to our embassies must only come from trusted vendors. that means they can't come across a system that has the capacity to flow information back to the chinese communist party or mms or national security apparatus. that's a micro-example. we are building these systems , australians,s french, japanese, indians, each of whom have come to have an understanding of the threat. as for alternatives, i was very distressed to find the gap between huawei and american technology with respect to 5-g or for that matter, western technology technology. but the two last years i've watched erickson and nokia take up the mantle and others with the process, i'm confident there will be cost effective deliverable from

the chinese tech giant huawei says it's battling for survival against quote nonstop aggression unquote from the u.s. government it's facing mounting pressure from the trump administration which last month intensified restriction is limiting access to crucial computer chips katrina you reports from beijing. customers in china are scrambling to buy while way smartphones tightened u.s. restrictions have choked the chinese tech giants access to crucial chip technology leading to theists quali smart phones me disappear from store shelves as early as next year. the company says its supply chain is under attack. everyone knows that huawei is facing great difficulties continuous suppression has brought a lot of cry. sure all our operations and the ensuring our survival is our mining priority jonell the u.s. government bad american chip makers from selling to quality last month its 3rd set of sanctions against the company the industry is fighting the bad intel and south korean chip maker s.k. hynix have been given licenses to continue doing business with all way but many others are forced to se

many would argue that a blacklist of smic is a much bigger deal than huawei.a bee hee meth when it comes to 5g equipment and smart phone player as well. smic are the key catalyst for china to become less dependent on silicon and ramp up their semiconductor internally that could have a huge ripple effect, you know, if a blacklist was mentioned. obviously semicaps would get absolutely destroyed they were the worst performing pocket of tech yesterday china and smic specifically have been -- a big source of rev upside there if you see china trump kind of talk up the china, you know, reer toic, i think this semicaps will be most at risk and i think you'll see buying very hesitant to say the least i think to get his base more on his side, you know, trump will probably use china as his punching bag for the next few months. >> david, i'll pose the same question to you. how should investors be thinking about the china/u.s. tensions? >> that's one of our biggest concerns in terms of the economy. in terms of market if trump were to win he thinks in earnest he can decoupl